Australia's largest stock trading and investment forum Australia's #1 stock forum

CIO

Click for more information

0.00%

1.8¢ connected io limited

Ann: Connected IO revenue grows with accelerated outlook for 2018, page-10

First 10 Last

Share
Profile

Follow
retiredyoung

8,751 Posts.

782

05/07/18

15:48

Post #: 34165176
Share

Originally posted by jlo2012 ↑

Yep read the announcement carefully. It is deceptive in my opinion. Where is the apparent accelerated growth?

Look at the graph! It changes the metrics for this quarter! It includes cash receipts and accrued revenue together for this quarter's column and only cash receipts for previous quarters.

The reality is that cash receipts and revenue are flat QoQ. Look at the actual numbers not the way they present them. There has been no growth and they are continuing to lose money.

Credit raising or further debt to happen any week now IMO.

Remember they are already $1.3m in debt as of last quarter.

I find these announcements to be misleading and fluffy.

I got out after the suspension and this just confirms that I will be staying well clear.

Expand

This is what I have documented for the last 4 quarters:

Jun qtr 2017: Cashflow negative -$1.0m (Cash Receipts $0.8m, expenses $1.9m)
Sep qtr 2017: Cashflow negative -$1.2m (Cash Receipts $0.6m, expenses $1.8m)
Dec qtr 2017: Cashflow negative -$1.5m (Cash Receipts $0.5m, expenses $2.0m)
Mar qtr 2018: Cashflow negative -$0.9m (Cash Receipts $0.5m, expenses $1.4m)

CIO Price at posting: 0.9¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 31 more messages in this thread...

First 10 Last

Add CIO (ASX) to my watchlist